Gauge Theories with Cayley-Klein SO(2;j)SO(2;j) and SO(3;j)SO(3;j) Gauge Groups

Gauge theories with the orthogonal Cayley-Klein gauge groups $SO(2;j)$ and $SO(3;{\bf j})$ are regarded. For nilpotent values of the contraction parameters ${\bf j}$ these groups are isomorphic to the non-semisimple Euclid, Newton, Galilei groups and corresponding matter spaces are fiber spaces with degenerate metrics. It is shown that the contracted gauge field theories describe the same set of fields and particle mass as $SO(2), SO(3)$ gauge theories, if Lagrangians in the base and in the fibers all are taken into account. Such theories based on non-semisimple contracted group provide more simple field interactions as compared with the initial ones.Comment: 14 pages, 5 figure

On worst-case investment with applications in finance and insurance mathematics

We review recent results on the new concept of worst-case portfolio optimization, i.e. we consider the determination of portfolio processes which yield the highest worst-case expected utility bound if the stock price may have uncertain (down) jumps. The optimal portfolios are derived as solutions of non-linear differential equations which itself are consequences of a Bellman principle for worst-case bounds. They are by construction non-constant ones and thus differ from the usual constant optimal portfolios in the classical examples of the Merton problem. A particular application of such strategies is to model crash possibilities where both the number and the height of the crash is uncertain but bounded. We further solve optimal investment problems in the presence of an additional risk process which is the typical situation of an insurer

Vortex in a trapped Bose-Einstein condensate with dipole-dipole interactions

We calculate the critical rotation frequency at which a vortex state becomes energetically favorable over the vortex-free ground state in a harmonically trapped Bose-Einstein condensate whose atoms have dipole-dipole interactions as well as the usual s-wave contact interactions. In the Thomas-Fermi (hydrodynamic) regime, dipolar condensates in oblate cylindrical traps (with the dipoles aligned along the axis of symmetry of the trap) tend to have lower critical rotation frequencies than their purely s-wave contact interaction counterparts. The converse is true for dipolar condensates in prolate traps. Quadrupole excitations and centre of mass motion are also briefly discussed as possible competing mechanisms to a vortex as means by which superfluids with partially attractive interactions might carry angular momentumComment: 12 pages, 12 figure

Sonoluminescence as a QED vacuum effect. II: Finite Volume Effects

In a companion paper [quant-ph/9904013] we have investigated several variations of Schwinger's proposed mechanism for sonoluminescence. We demonstrated that any realistic version of Schwinger's mechanism must depend on extremely rapid (femtosecond) changes in refractive index, and discussed ways in which this might be physically plausible. To keep that discussion tractable, the technical computations in that paper were limited to the case of a homogeneous dielectric medium. In this paper we investigate the additional complications introduced by finite-volume effects. The basic physical scenario remains the same, but we now deal with finite spherical bubbles, and so must decompose the electromagnetic field into Spherical Harmonics and Bessel functions. We demonstrate how to set up the formalism for calculating Bogolubov coefficients in the sudden approximation, and show that we qualitatively retain the results previously obtained using the homogeneous-dielectric (infinite volume) approximation.Comment: 23 pages, LaTeX 209, ReV-TeX 3.2, five figure

Entropy of semiclassical measures for nonpositively curved surfaces

We study the asymptotic properties of eigenfunctions of the Laplacian in the case of a compact Riemannian surface of nonpositive sectional curvature. We show that the Kolmogorov-Sinai entropy of a semiclassical measure for the geodesic flow is bounded from below by half of the Ruelle upper bound. We follow the same main strategy as in the Anosov case (arXiv:0809.0230). We focus on the main differences and refer the reader to (arXiv:0809.0230) for the details of analogous lemmas.Comment: 20 pages. This note provides a detailed proof of a result announced in appendix A of a previous work (arXiv:0809.0230, version 2

Connecting geodesics and security of configurations in compact locally symmetric spaces

A pair of points in a riemannian manifold makes a secure configuration if the totality of geodesics connecting them can be blocked by a finite set. The manifold is secure if every configuration is secure. We investigate the security of compact, locally symmetric spaces.Comment: 27 pages, 2 figure

Analysis of Fourier transform valuation formulas and applications

The aim of this article is to provide a systematic analysis of the conditions such that Fourier transform valuation formulas are valid in a general framework; i.e. when the option has an arbitrary payoff function and depends on the path of the asset price process. An interplay between the conditions on the payoff function and the process arises naturally. We also extend these results to the multi-dimensional case, and discuss the calculation of Greeks by Fourier transform methods. As an application, we price options on the minimum of two assets in L\'evy and stochastic volatility models.Comment: 26 pages, 3 figures, to appear in Appl. Math. Financ

Option pricing in affine generalized Merton models

In this article we consider affine generalizations of the Merton jump diffusion model [Merton, J. Fin. Econ., 1976] and the respective pricing of European options. On the one hand, the Brownian motion part in the Merton model may be generalized to a log-Heston model, and on the other hand, the jump part may be generalized to an affine process with possibly state dependent jumps. While the characteristic function of the log-Heston component is known in closed form, the characteristic function of the second component may be unknown explicitly. For the latter component we propose an approximation procedure based on the method introduced in [Belomestny et al., J. Func. Anal., 2009]. We conclude with some numerical examples

All metrics have curvature tensors characterised by its invariants as a limit: the \epsilon-property

We prove a generalisation of the $\epsilon$-property, namely that for any dimension and signature, a metric which is not characterised by its polynomial scalar curvature invariants, there is a frame such that the components of the curvature tensors can be arbitrary close to a certain "background". This "background" is defined by its curvature tensors: it is characterised by its curvature tensors and has the same polynomial curvature invariants as the original metric.Comment: 6 page

Force on a neutral atom near conducting microstructures

We derive the non-retarded energy shift of a neutral atom for two different geometries. For an atom close to a cylindrical wire we find an integral representation for the energy shift, give asymptotic expressions, and interpolate numerically. For an atom close to a semi-infinite halfplane we determine the exact Green's function of the Laplace equation and use it derive the exact energy shift for an arbitrary position of the atom. These results can be used to estimate the energy shift of an atom close to etched microstructures that protrude from substrates.Comment: 7 pages, 5 figure